Africa's Economic Systems 24/25

What is one of the challenges Kenya faces in its education system?

• Lack of universities

• Lack of skilled teachers

• Overcrowded schools

• Lack of schools in rural areas

How does investment in capital goods affect a country's economy?

• It decreases GDP

• It has no impact on the economy

• It strengthens the economy and increases GDP

• It reduces exports

What are capital goods?

• Natural resources

• Goods for personal use

• Man-made materials needed to produce goods and services

• Luxury items

What type of investments in human capital can help improve a country's GDP?

• Investments in technology

• Investments in natural resources

• Investments in education and professional training

• Investments in infrastructure

Which country has one of the strongest economies in Africa due to investments in human capital?

• Kenya

• Nigeria

• South Africa

• Ghana

What has hindered entrepreneurship in some African countries?

• Government encouragement

• Low taxes

• High levels of government corruption

• Easy access to funding

What is Nigeria's primary export and its daily export quantity?

• Gold, 2 million barrels

• Diamonds, 1 million barrels

• Oil, more than 3 million barrels

• Copper, 4 million barrels

Which factor has contributed to Nigeria's low GDP per capita despite its oil reserves?

• Lack of natural resources

• Years of civil war

• High literacy rates

• Government investments

What is the literacy rate in South Africa?

• 86%

• 59.6%

• 94.4%

• 78%

What is literacy rate a measure of?

• The percentage of adults who can read and write

• The percentage of children in school

• The number of universities in a country

• The level of economic development